Does BlackRock MuniYield Michigan Quality Fund, Inc. pass AAOIFI screening?

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (MIY: 0.0%), (3) interest-bearing deposits below 30% (MIY: 0.0%), and (4) prohibited income below 5% (MIY: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for BlackRock MuniYield Michigan Quality Fund, Inc. stock?

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MIY shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen BlackRock MuniYield Michigan Quality Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MIY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) halal? Not Halal. Based on AAOIFI screening, BlackRock MuniYield Michigan Quality Fund, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

MIY: Is BlackRock MuniYield Michigan Quality Fund, Inc. Halal?

Not Halal

BlackRock MuniYield Michigan Quality Fund, Inc.

NYSEFinancial ServicesUS

$12.14

-0.08%

About BlackRock MuniYield Michigan Quality Fund, Inc.

BlackRock MuniYield Michigan Quality Fund, Inc. is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes. BlackRock MuniYield Michigan Quality Fund, Inc. was formed on October 30, 1992 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 15, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (163.3%)

Basket Composition

100% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

163%

Halal0%

Doubtful0%

Haram163%

Unknown0%

Top Holdings

Lansing Board of Water & Lightharam5.77%State of Michigan Trunk Line Revenueharam5.31%Troy School District/MIharam5.13%California Community Choice Financing Authorityharam4.24%Michigan Strategic Fundharam4.19%Lansing Board of Water & Lightharam3.26%Great Lakes Water Authority Water Supply System Revenueharam3.18%Michigan State Universityharam2.97%Michigan Strategic Fundharam2.79%City of Lansing MIharam2.68%

Compliance History

Not Halalnow
current status
Under Review
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 15, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

351.6M

Price

$12.14

Sector

Financial Services

Industry

Asset Management

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

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ABA+

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IPCXA+

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AXINA+

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Free · No credit card required

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Frequently Asked Questions

Is BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) halal to invest in?

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did BlackRock MuniYield Michigan Quality Fund, Inc. get a F compliance rating?

BlackRock MuniYield Michigan Quality Fund, Inc.'s compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change BlackRock MuniYield Michigan Quality Fund, Inc.'s Shariah verdict?

BlackRock MuniYield Michigan Quality Fund, Inc.'s verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is BlackRock MuniYield Michigan Quality Fund, Inc. re-screened for Shariah compliance?

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 15, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.